Glatfelter Earnings Reports

Magnera delivered a strong third quarter, with significant growth in net sales and Adjusted EBITDA, largely driven by the Glatfelter merger. Despite challenging market conditions and organic volume declines in certain regions, the company confirmed its original free cash flow guidance and adjusted EBITDA range, demonstrating resilience and strategic execution.

Magnera's first quarter results reflect the ability to remain focused on business execution while managing integration activities. The financial profile remains strong and will continue to be enhanced as synergies are realized and an enhanced product portfolio is prioritized.

Glatfelter reported net sales of $332 million and a GAAP net loss from continuing operations of $20.0 million. Adjusted EBITDA was $24.6 million, slightly down from $25.5 million in Q3 2023. The company is preparing for a new future under Magnera, with the transaction closing scheduled for November 4th.

Glatfelter reported net sales of approximately $329 million and a GAAP net loss from continuing operations of $15.8 million. Adjusted EBITDA was $25.6 million, an $8.3 million increase over Q2 2023. The company achieved increased EBITDA in Composite Fibers and Spunlace, offset by lower EBITDA in Airlaid Materials.

Glatfelter Corporation reported Q4 2023 financial results, showing net sales of $320 million and a net loss from continuing operations of $8.6 million. The company's Q4 Adjusted EBITDA was $25 million. Glatfelter is also planning a merger with Berry Global's HHNF business anticipated in the second half of 2024.

Glatfelter reported improved profitability in Q3 2023, driven by its Turnaround Strategy and sequential EBITDA gains. The company generated net sales of approximately $330 million, despite ongoing market headwinds and customer destocking. However, due to the intense pressure from current market conditions, the company lowered its full-year EBITDA guidance by $10 million.

Glatfelter's second quarter results fell below expectations due to volume losses from industry-wide market weakness and operational events, but the Turnaround Strategy delivered $7 million of benefits. The company lowered its full-year Adjusted EBITDA guidance to $100 million to $110 million due to expected Ober-Schmitten losses.

Glatfelter Corporation reported a 12% increase in net sales compared to Q4 2021, driven by the inclusion of Spunlace for the full quarter. The company is making progress on its turnaround strategy, with operational improvements and cash liberation actions contributing to the results. Adjusted EBITDA for 2023 is expected to be between $110 million and $120 million.

Glatfelter reported a 33% increase in revenue due to the Jacob Holm acquisition, record operating income in Airlaid Materials, and improved pricing and cost mitigation in Composite Fibers. However, the company faced a goodwill impairment charge of $42.5 million for Spunlace and launched a company-wide turnaround strategy to improve profitability.

Glatfelter reported a loss from continuing operations of $2.5 million, or $0.05 per share, for the second quarter of 2022, compared to a net income of $1.5 million, or $0.03 per share, in the same period a year ago. Consolidated net sales for the three months ended June 30, 2022, totaled $364.0 million compared to $244.9 million last year. The company's Spunlace segment faced substantially higher than expected inflationary challenges during the quarter, and price increases were insufficient to offset the impact.

Glatfelter Corporation reported income from continuing operations for the third quarter of 2021 of $8.1 million, or $0.18 per diluted share, compared with $6.5 million, or $0.15 per share, in the same period a year ago. Consolidated net sales for the three months ended September 30, 2021 totaled $279.7 million, compared with $233.5 million for the same period in 2020.

Glatfelter Corporation reported a net income of $1.5 million for the second quarter of 2021, compared to a loss of $2.3 million in the same period last year. Consolidated net sales totaled $244.9 million, compared to $216.2 million for the same period in 2020.

Glatfelter's Q3 2020 results showed a slight increase in consolidated net sales, driven by Composite Fibers' growth, while Airlaid Materials achieved record profit despite a sales decrease. The company maintained a focus on operational excellence and cost discipline amidst the COVID-19 pandemic.

Glatfelter reported solid second quarter results, with Airlaid Materials achieving record quarterly EBITDA margin of 19%. Composite Fibers outperformed expectations. The Board increased the dividend.